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Paying for College

Paying for College. 72% of parents believe their children have special talents that will enable them to pay the majority of his/her college costs. The Scholarship Myth. Federal Government State Government Institution (college/university/trade school) Private Families Earnings Savings.

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Paying for College

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  1. Paying for College

  2. 72% of parents believe their children • have special talents that will enable them • to pay the majority of his/her college • costs The Scholarship Myth

  3. Federal Government • State Government • Institution (college/university/trade school) • Private • Families • Earnings • Savings Where Will I Find the Money?

  4. Grants • Scholarships • Loans • Work-Study Types of Financial Aid

  5. FAFSA (Free Application for Federal Student Aid) • Cal Grant – California colleges only • Chafee Grant – foster children only • CSS Profile – for some private colleges • Institutional – for some colleges Financial Aid Forms

  6. Parents are responsible for student’s education to the extent that they are able • Parent responsible until student: • Is 24 years old • Supports their own children • Is a veteran of U.S. armed forces • Is classified as independent The Federal Philosophy

  7. Cost of Attendance (COA) $25,000 • Expected Family Contribution (EFC) - 10,000 • Financial Need $15,000 How Financial Need is Determined This is the amount that Financial Aid Office will try to come up with. It is what is called a Financial Aid Package

  8. Go to www.fafsa.ed.gov • Complete FAFSA (Jan 1st – March 2nd ) FAFSA

  9. FAFSA Hooray http://www.youtube.com/watch?v=e2d7IfFgxTs

  10. G.P.A. Verification Form • Calculate student’s G.P.A. • Amounts: • C.S.U. $4,026 • UC $8,700 • Private $9,702 Cal Grant

  11. Current or former foster youth • Submit FAFSA & CA Chaffee Grant form on-line • Grant up to $5000 can be used in various ways Chafee Grant

  12. California Community College • Board of Governors’ Fee Waiver • CSU System • State University Grant • UC System • University of California Student Aid • Private Schools • Scholarships, endowments, foundations Institutional Grants

  13. Read on Your Own

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